Glencore (OTCMKTS:GLNCY) Upgraded to “Strong-Buy” by Citigroup

Citigroup upgraded shares of Glencore (OTCMKTS:GLNCY) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

Glencore Price Performance

OTCMKTS GLNCY traded up $0.08 during trading on Thursday, hitting $10.29. The stock had a trading volume of 681,749 shares, compared to its average volume of 601,171. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 1.29. The firm has a 50 day moving average price of $11.51 and a 200 day moving average price of $11.17. Glencore has a twelve month low of $9.26 and a twelve month high of $12.74.

Glencore Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $0.1105 per share. The ex-dividend date of this dividend is Friday, August 30th.

Glencore Company Profile

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.